FIIs and their investments have a massive impact on the Indian stock markets. Sometimes there is a huge sell-off by FIIs that drags markets downwards. FIIs may sell their shares when their central banks tighten liquidity or when inflation rises, or due to any other reason.
Here is a list of a few stocks in which FIIs have sold their stake:
Escorts Limited
FIIs have decreased their shareholding in Escorts Limited by 16.6%. In the December quarter, the company reported a 32.27% decline in its net profit. Ace investor Rakesh Jhunjhunwala was also a major investor in the stock of this company. Recently he reduced his stake from 5.68% to less than 1%.
Escorts Limited is one of the leading tractor manufacturers in India, that has a presence across high-growth sectors of agri-machinery, construction and material handling equipment and railway equipment. The share price of the company increased by 26.80% in the last year.
Manappuram Finance Ltd
Shares of Manappuram Finance saw a decrease of a 5% stake by FIIs. The share price of the company declined by 22% in the last year. Its shares are currently trading at ₹115 levels. The company is a Kerala based NBFC and was named the largest wealth creator of 2019 (ET500 companies).
Multi Commodity Exchange of India Ltd.
FIIs have decreased their stake by 4.8% in the company. Multi Commodity Exchange of India Ltd. is an exchange based in India. It is under the ownership of the Ministry of Finance, Government of India. The share price of MCX limited decreased by 7.71% in the last year. Currently, Its shares are trading at 1358.00 levels.
HEG Limited
FIIs have decreased their stake by 4.5% in the company. HEG Limited is a leading manufacturer and exporter of graphite electrodes in India and operates the world’s largest single-site integrated graphite electrodes plant at Mandideep in Madhya Pradesh. The company’s share price has declined by 37.36% in the last year and its shares are currently trading at ₹ 1287.00 levels.
Shemaroo Entertainment Ltd.
FIIs have decreased their stake by 3.1% in the company. It is an Indian content creator, aggregator and distributor. The company has a collection of more than 3700 movie titles in multiple Indian languages and offers services to customers in more than 30 countries across the globe.
The price of the company’s shares has increased by 41.48% in the last year. Its shares are currently trading at ₹128.75 levels apiece.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
